Reading into booksellers' results

August 30, 2011: 3:39 PM ET
Barnes & Noble stock chart

Click the chart for more data on Barnes & Noble.

NEW YORK (CNNMoney) -- Barnes & Noble, one of the few "brick and mortar" bookstore chains still functioning, reported a loss Tuesday for a second consecutive quarter.

During its earnings call, Barnes & Noble (BKS, Fortune 500) confirmed that a decline in printed book sales is being partially offset by the growing popularity of e-books. Its stock raced up 18% at the market open, but it quickly faded, leaving it only around 11% higher in midday trading. For the year, Barnes & Noble is still down more than 10%.

Shares of the other publicly traded bookstore chain -- Books-A-Million (BAMM) -- are not faring much better -- down 55% since January. Earlier this week, the company acquired leases for 14 Border's stores, after Borders filed for bankruptcy in February.

With Border's out of business and Amazon (AMZN, Fortune 500) taking the lion's share of the bookselling industry, the world's largest Internet retailer is eyeing the tablet market. It may introduce a tablet by fall, sparking investors' interest and feeding speculation about what that might mean for the field's other players: Apple (AAPL, Fortune 500), Samsung and Google (GOOG, Fortune 500).

These are some of the topics sparking conversation on StockTwits on Tuesday:

firstadopter -- $BKS call: retail book sales are clearly picking up as Borders liquidation winds down

ldrogen -- I love the $BKS guidance, "somewhere between a 10 and 50 cent loss, but who the hell knows"

JeffReevesIP -- Shocker, Books a Million $BAMM at new 52 wk low. Next thing we'll hear Barnes & Noble $BKS lost more than expected on the quarter... oh wait

Benzinga -- $BKS Barnes & Noble Says US EBook Market Share 26-27%

ivanhoff -- Tablets are just another distribution channel. It makes perfect sense for $AMZN to sell them at break-even

alpeshpb -- Liking what I'm reading about $AMZN new tablet. U want to see innovative NPIs that lead to new revenue channels. $AAPL. To top of page

Index Last Change % Change
Dow 32,627.97 -234.33 -0.71%
Nasdaq 13,215.24 99.07 0.76%
S&P 500 3,913.10 -2.36 -0.06%
Treasuries 1.73 0.00 0.12%
Data as of 6:29am ET
Company Price Change % Change
Ford Motor Co 8.29 0.05 0.61%
Advanced Micro Devic... 54.59 0.70 1.30%
Cisco Systems Inc 47.49 -2.44 -4.89%
General Electric Co 13.00 -0.16 -1.22%
Kraft Heinz Co 27.84 -2.20 -7.32%
Data as of 2:44pm ET
Overnight Avg Rate Latest Change Last Week
30 yr fixed3.80%3.88%
15 yr fixed3.20%3.23%
5/1 ARM3.84%3.88%
30 yr refi3.82%3.93%
15 yr refi3.20%3.23%
Rate data provided
by Bankrate.com
View rates in your area
 
Find personalized rates:

Most stock quote data provided by BATS. Market indices are shown in real time, except for the DJIA, which is delayed by two minutes. All times are ET. Disclaimer. Morningstar: © 2018 Morningstar, Inc. All Rights Reserved. Factset: FactSet Research Systems Inc. 2018. All rights reserved. Chicago Mercantile Association: Certain market data is the property of Chicago Mercantile Exchange Inc. and its licensors. All rights reserved. Dow Jones: The Dow Jones branded indices are proprietary to and are calculated, distributed and marketed by DJI Opco, a subsidiary of S&P Dow Jones Indices LLC and have been licensed for use to S&P Opco, LLC and CNN. Standard & Poor's and S&P are registered trademarks of Standard & Poor's Financial Services LLC and Dow Jones is a registered trademark of Dow Jones Trademark Holdings LLC. All content of the Dow Jones branded indices © S&P Dow Jones Indices LLC 2018 and/or its affiliates.